Dogecoin Price Prediction – Musk Effect Won’t Wear Off Soon – Rally to $1 to Come
Join Our Telegram channel to stay up to date on breaking news coverage Dogecoin has dropped by over 7% in the last 24 hours. The meme coin is bearish today as most of the cryptocurrency market trades in the red zone after the Fed raised interest rates by 75 basis points on Wednesday. Dogecoin price analysis Dogecoin’s rally has taken a break following the dips recorded in the last 24 hours. At the time of writing, DOGE was trading at $0.131. If the bearish sentiment grows, Dogecoin will likely drop to $0.11 in the short term. Dogecoin’s trading volumes are still high and came in at $5.34 billion in the last 24 hours, showing that traders&rsquo ; interest in the meme coin is still notably high . The spiraling gains in DOGE started after Elon Musk’s Twitter purchase deal was closed, with the community hopeful that DOGE payments would come to Twitter. With Musk already proposing an $8 fee for people who want to be verified, it is becoming likely that DOGE wil...